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night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed americans ba
will not act on his priorities, president obama will spend much of this coming year taking his case campaign style directly to the people. for "cbs this morning" saturday bill plante at the white house. >>> let's take a closer look now at how the president is pressing ahead with his new agenda and how republicans are already reorganizing for the next election. jeff bellamy is with us. nice to have you in the studio with us goochld morning. >> good morning. >> there's a short opportunity for the president and there's a lot on his plate, gun control, climate control, and you have the immigration reforms he's put out there. does he risk losing on all fronts if he takes all of them at once? >> not to mention the economy. >> correct. >> the white house knows that constitutionally they have four years, but in reality they probably have one year. so a priority here is what they're trying to do. and immigration, as bill just sapiece, is going to be the top priority. and they believe they can operate on separate tracks here gun control on one track and climate change on a diff
spending removed. president obama will sign it as soon as it crosses his desk. the taxes on the wealthy expected to bring in $80 billion. it is $60 billion in new spending which cancels out all of that chunk of extra revenue coming in from higher taxes. more proof that congress simply does not understand the need to rein in spending. cheryl sandberg, she says as women become more successful, critics become more negative about them. she also says that as women continue to climb the ladder, they have major disadvantages against men. "women still have two jobs in the most developed countries around the world. men have one." she is referring to raising a family. let's bring in ms. schaefer. are you generally in sympathy with cheryl? it is tough being a woman. hard to get to the top. >> i appreciate her directness. she has famously said women need to take a seat at the table, learn to negotiate, do not leave work too early. we have to be realistic about women and what they balance. it was a fair conversation to have. stuart: i agree with you. it is a fair statement of reality. we had a big f
to increase automatically. president obama wants to spend more on education. that's tough. so these cuts go into effect, but they might find very quickly that it's very difficult to actually implement them. >> last thing here to you, chris, we're hearing about a couple of senators not going to be -- not going to seek re-election. talking about harkin, saxby chambliss. chambliss cited the gridlock in washington as part of the reason him wanting to step away. get your reaction to both of these men not seeking re-election. and also what are your thoughts on chambliss actually citing what's happening in washington as part of the reason for him wanting to get out of there? >> i think what we're seeing right now is a generational change in washington. chambliss and harkin and guys like that are part of that change. and it's interesting particularly in chambliss's case as you point out he does cite the partisan gridlock. but he's also part of that old republican guard. he's very close friends with house speaker john boehner for example. i think you're going to see as the republican party changes s
of that mpt you had $1 trillion in tax increases with obama care. he just got new tax increases at the beginning of this month. and now they are calling for even more tax increases, and they are not calling to cut spending. they are calling for spending increases. so basically what they're saying is, they want americans to pay more so washington can spend more. that's not going to help the economy, and that is not going to close the gap and balance the budget. the reason we want to balance the budget is not to make the numbers add up. we think that's necessary for growth and opportunity. we think it's necessary to make sure that our kids don't get this debt that they won't be able to handle if we keep going down the path we are on. >> but there are certainly those in the white house who would take issue with what you said or might even say to use your own criticism that's a straw man argument. they were prepared to cut additional spending to be part of a bigger agreement that republicans weren't able to agree to. there is more room for spending cuts. it's a matter of how you do
obama is calling for. the red is where spending is going. spending is the problem, revenues are not the problem. if you keep chasing them they will hurt economic growth, shut down the economy and won't get the budget balanced. >> what i heard the president say was programs like social security and medicare and med aid critically important for our future and we need to have a bipartisan commitment to make them work. bob and i have been in a lot of meetings talking about deficit reduction. we need reform in the programs that mean they will live on to serve future generations. that's the message i took from the president. >> referring to bob corker to the left of the screen. the president has a full plate. not just the budget but the issue of guns, and this week he heads to las vegas for a speech about overhauling immigration. so the second term is already kicking off with plenty on his plate. >> all right. peter alexander, white house correspondent, thank you so much. >>> we want to turn now to our discussion this morning. bring in a reporter for "politico," anna -- and perry
battles between president obama and republicans are mostly budget focused. on march 1 one month from this friday sequester cuts kick in. it is $1.2 trillion. those are cuts to military and discretionary spending. paul ryan says don't expect a last minute deal or any deal at all. >> i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose those. >> joining me now lynn sweet and david who covers the white house for the washington post. good sunday to both of you. let's start with the claim from paul ryan. $1.2 trillion in cuts said to take effect march 1. paul ryan indicating this time there will be no 11th hour deal. >> it is just a bargain position and it is not going to necessarily unfold that way. there are no absolute right now. it is early in yet another chapter of the on going rangles we have been having. so i would put no more into it. it is a prediction and i don't think either side has anything to gain. remember the virginia economy, a lot of places very dependent on defense and other industries, neither side will look good if they ca
. these spending cuts are the reverse of that theory. the spending they want to cut is protected. and the spending they want to increase is gutted. and this is a kind of insane outcome that is the consequence of the gop's no tax budget. they could get a deal from the obama administration that would cut into medicare and social security and all of these other programs in ways liberals would hate. and republicans would find somewhat congenial, as long as they also agreed to raise taxes. and they don't even need to agree to raise tax rates, that has already been done. they just need to get rid of the loopholes, but they won't, this is a corner they backed themselves into having lost an election and being tied to this ridiculous tax pledge. they are so desperate for leverage, for a hostage, that they can actually shoot that they're willing to point the gun at their own head and threatening to point the trigger. coming up, virginia is for cheaters, at least when it comes to electoral votes. it is aspsilooking to be the pl where you can take the electoral votes, seriously. and one thing in particular, w
they didn't know. >> it is just the beginning there elements of obama care that have not yet been put into effect. we will spend the next year or two or five or ten allergic what's in this massive piece of legislation. it's going to be like christmas. >> go to ff weekend on twitter and let us know how you feel he about that story. also this story. remember this teacher down in south carolina? he in his classroom there in an effort to show how incredible freedom in this country is, and freedom of speech, ripped an american flag off of the wall in one ever american classments on three different occasions and stomped on it to show his class, he says is an educational exercise that this is freedom of speech. this is why america is free because we are able to express ourselves in this way without being thrown in prison. he was fired for that. now he wants his job back. >> it sounds like, i mean, well, let me get the other side. it sounds like first during this lesson he spoke glowingly of the united states and of the freedoms and privileges we have here. is he not known as anti-american te
Search Results 0 to 17 of about 18 (some duplicates have been removed)